This was my first clue that there was a lot of momentum to keep you dependent on your employer and it doesn't stop with a paycheck. 10-12 days per year really restricts your mobility. Instead of backpacking through SE Asia for a month I basically used that time for Thanksgiving and/or Christmas.
BTW, having 3 days off means you can sprinkle on additional vacation time throughout the year. I'm not surprised Gen-Z would negotiate less vacation time if they could use it more effectively.
It's a more grown-up arrangement where businesses realise that regular time off (and as much time as you need if ill) increases happiness and therefore productivity.
I still miss the food at home, though.
One of the reasons I work in the education sector is the generous (compared to startups / most tech companies, anyway) PTO.
We get all of the big holidays off (I think 12) and we have 2-4 weeks of vacation (depending on length of employment) and we have two weeks of paid medical leave (which accumulates, so after the first couple of years you have massive amounts banked) and paid maternity/paternity.
Mine isn't the only employer like this, there are plenty of others, it's not hard to find one. The key to look for is "work life balance." Government jobs, non-profits, education, these sorts of areas - they know they can't compete with tech company salaries but can make up for it in other ways. PTO is only a part of that.
It's not quite the 4 day a week dream job, but there are options available if you look. And as a bonus, you might find yourself more aligned with the mission of the organization than you would at a for-profit tech company.
The good news is that in large publicly traded companies people routinely fly back to India for a month so 4-week vacations are a thing if you are good at leetcode.
I don't know if this is a problem specific to PTO. In general, after 20+ years of working, I've found US employers to be pretty inflexible on all terms/aspects of your working life besides compensation. They may (or often may not) be willing to negotiate pay, but will almost never budge when it comes to:
- Vacation / PTO
- Unpaid leave
- Health benefits
- Financial benefits like 401(k) or life insurance
- IP ownership
- Moonlighting or second jobs
- Schedule flexibility
- Paid training
- Company equipment
These things tend to be "take it or leave it--we won't accept changes to our boilerplate agreement!"
In the US, I have found that what HR will tell you is different than what your hiring manager will enforce.
My hiring managers were often much more permissive and allowed 4 day work weeks and “unlimited” time off provided it was not detrimental to the team. This also meant that when there was a legitimate emergency; they expected you to assist.
I have heard many horror stories but have been luck not to experience most of them at this point in my career.
So many things are wrong with American work culture and there’s nothing most people can do about it.
No matter how hard you work, unless you're in the top 5%, you're far priced out of most places most people want to live.
You can afford everything comfortably beside housing & health care (which you don't need much of when you're young) on a relatively low wage in the US.
So you've pretty much given up on housing. What's the point in working hard?
I want to play games, learn about AI, 3D printing, CAD, mountain bike, go to trivia, travel to Thailand, travel to Europe, see family across the globe, get more flexible, build muscle, etc etc etc. None of them are at work.
I moved from a high cost of living city in North America to Latin America. I bought a two floor penthouse overlooking the ocean for less than the price of a two bedroom apartment back where I came from. My mortgage is -$2000 / month. That's right, negative $2000 because I save the full mortgage payment plus an extra $2000 on taxes each month, completely legally and above board.
Now not everything is sunshine and roses (well there is a lot of both, but you know what I mean). The price is I have to work remotely, I had to learn a new language, and Amazon delivery is more like two weeks than 2 days and the shipping is not free. There are definitely things that I miss, but nothing compared to what I gain.
Even with that, the pay is barely enough to qualify me for my apartment, which is artificially low in rent since I moved in during peak COVID and have had low rent increases.
That, and what's the long term strategy? Do they turn 30 and flip from working part time at Pizza Hut to a professional salaried career? Good luck getting an interview with that CV.
I'm not saying it's an ideal situation to be faced with, but tuning out is just going to make it worse.
Gone are the days of 10x emps, power badasses doing laundry and eating 3 meals a day on campus. It never was healthy for the emps anyway - it only ever benefits the owners.
Unless you own, the only incentive is to work as hard as you are paid for as we all exchange labor and limited lifetimes for wages that ensure someone else’s profit still meets its owners set marks.
Upward mobility is probably something every generation has complained about throughout history. Economic nihilism isn’t the answer.
Our future generations count on us to improve whatever cards we’re dealt
That's not even true. I have a large set of anecdata, with people below median income buying houses, and people in the 5% being afraid to buy a house (too risk averse to the point of being detrimental).
If owning a house is your priority, you will make it work. My conclusion is that a large set of people just don't have the basic skills to maintain a house, or simply don't want that responsibility, despite being able to afford it.
> So you've pretty much given up on housing. What's the point in working hard?
What's your plan for when you're 50, broke and almost unemployable due to ageism? Who's going to rent to you and how will you afford it? Are you going to be a squatter? Do you plan to wait until your parents die and live off the inheritance?
That's cool if you don't have answers to those questions when you're 22-25, but what about 35+, like most millennials now are?
The financialization of housing means you’re competing with massive hedge funds when you want to buy a home or invest in real estate.
Incredible government defect spending ensures more inflation which will outpace salary increases.
This is how I’ve heard the late 70s/early 80s as being described: general malaise.
https://fred.stlouisfed.org/series/RHORUSQ156N
Also gen z has surpassed millennials and genx in home ownership (with comparable timing).
""In 2022, 30% of 25-year-olds owned a home. At the same age 28% of millennials, and 27% of Gen Xers owned homes, according to real estate brokerage, Redfin.""
https://www.marketplace.org/2023/09/14/how-are-gen-zers-buyi...
Im more inclined to believe the lazy mentality is from lifestyle and cultural stemming. Its cool to not care or try. And according to instagram if you're not a millionaire by age 25 then you're a loser. So why even try?
That being said I see nothing wrong with a 4 day work week.
Sure, few people would actively reject an opportunity to have a high footprint life, but the relative attractivity between footprint maximization and having other priorities in life certainly aren't the same as they used to be in the days of infinite growth illusions.
The effect you describe is much stronger I think, but they are not competing, they complement each other.
It’s reminiscent of the lead up to the drug war that was coinciding with the antiwar movement
Young people looked around and said this society is not working for us, and instead of creating a new society that actually takes care of people, people voted for Nixon and doubled down on maximum alienation capitalism
"Giving up on housing" is not the right answer. "Start small and work your way up", like most of us did.
See, when you hit 20, you're looking at your parents, and you're seeing them when they're 45 or 50. You're not seeing them when they were 20. You expect that you're going to be able to live like they do at 50, not like they did when they were 20. That's not realistic.
But the answer isn't to give up. The answer is to keep working on it, over decades, instead of expecting it to be handed to you on day one.
The happiest were the oldest, most established workers, because they had already ticked off all so many life goals, had a house, a dog, kids, etc and so less money and more time was great.
In contrast the youngest workers had no stable housing, and wanted more money more than they wanted time, because they wanted an ability to buy themselves some of those lifestyle things the older workers already had (read: stable housing).
In practice the young workers that needed more money simply used the other day for another job, which was their right.
This was in an environment with a dysfunctional unaffordable housing market, so maybe this all just shows how important affordable housing is and how it eventually starts to trumps all other issues.
Programmers usually have a comfortable salary, even with 80% you're still above average and have a lot of disposable income. Maybe a smaller apartment but who cares.
He has such an enormous quality of life that I kinda suspect that all the ones got it wrong. In the end life is not about grinding for the man, it's just a means to an end. They should justify themselves, not him. It's also really stupid considering how committed he is, he just has a rich life besides work. I see others just working inefficiently, trying to dodge responsibility and being kinda lazy. But he get's criticised.
The 5-minute window where my funny 4 day week calculator will shine: https://okjob.io/4-day-week-calculator/
> Now it is true that the needs of human beings may seem to be insatiable. But they fall into two classes --those needs which are absolute in the sense that we feel them whatever the situation of our fellow human beings may be, and those which are relative in the sense that we feel them only if their satisfaction lifts us above, makes us feel superior to, our fellows. Needs of the second class, those which satisfy the desire for superiority, may indeed be insatiable; for the higher the general level, the higher still are they. But this is not so true of the absolute needs-a point may soon be reached, much sooner perhaps than we are all of us aware of, when these needs are satisfied in the sense that we prefer to devote our further energies to non-economic purposes.
[…]
> For many ages to come the old Adam will be so strong in us that everybody will need to do some work if he is to be contented. We shall do more things for ourselves than is usual with the rich to-day, only too glad to have small duties and tasks and routines. But beyond this, we shall endeavour to spread the bread thin on the butter-to make what work there is still to be done to be as widely shared as possible. Three-hour shifts or a fifteen-hour week may put off the problem for a great while. For three hours a day is quite enough to satisfy the old Adam in most of us!
* John Maynard Keynes, Economic Possibilities for our Grandchildren (1930)
* http://www.econ.yale.edu/smith/econ116a/keynes1.pdf
An essay putting forward / hypothesizing four reasons on why the above did not happen (We haven't spread the wealth around enough; People actually love working; There's no limit to human desires; Leisure is expensive):
* https://www.vox.com/2014/11/20/7254877/keynes-work-leisure
For folks who are concerned about younglings not working hard enough or China will take over or some other boomer ideology, this is even happening among youth in developing countries.
Solution: People want to be treated with respect and dignity. That's it. As long as companies treat people as fungible factory workers, companies will be in a constant churn of employees - especially as the newer generations are smaller in size.
I felt pathetic accepting the offer especially after my counteroffer was rejected (imagine your bluff failing here, lmao), but I remembered sitting in meetings for a higher paying job fantasizing about how I'd give half my salary away just to have no meetings and living on a beach surfing in the mornings. And that's what I did.
Then we can rest between 2-day work spurts.
25 years later, I wouldn't do it. I'm worried for my retirement, I don't think I'll have enough saving to live in a safe and convenient place, and have access to good healthcare. This is the type of things you don't think of when you just graduate and are used to the student worklife.
“Younger workers want a 4-day workweek — and some would give up remote work or higher pay for it” https://www.bankrate.com/personal-finance/younger-workers-wa...
> Close to 8 in 10 Gen X and baby boomer workers (or 78 percent for those between the ages of 43 and 77 combined) support a four-day workweek.
> But younger workers indicate they’re willing to go to greater lengths for the schedule, and it sets them apart. More than 9 in 10 of Gen Z and millennial workers who prefer a four-day work week (or 92 percent) would still be willing to work that schedule if it meant giving something up, versus 86 percent of Gen X and baby boomers.
> The steps those younger workers say they would be willing to take include working longer hours (48 percent), changing jobs or companies (35 percent) and coming into the office or working fully in person (33 percent) to have three days off a week. Some would even be willing to take less vacation time (20 percent), accept a pay cut (13 percent) or take a step back in their careers (12 percent) for it.
Not every professional job is an office job 9-5.